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The “Gig” Economy’s Downside
To many, the dream of making it big in the “gig” economy–where one handles assignments as a contractor or non-employee–seems like the preferred option to being “trapped” in the confines of a single employer situation. You know, if you decide you don;t like the job or the company, just move on. But it’s not that easy, according to an article by Forbes contributor Abdullahi Muhammed. There are obstacles that need to be considered, one of which is that the self-employed need to cough up the full 12.4% Social Security tax tab. And ther6e are other considerations. Check his article out here…
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